First National Bank of Omaha Has $5.19 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

First National Bank of Omaha lowered its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,329 shares of the construction company’s stock after selling 916 shares during the period. First National Bank of Omaha’s holdings in Martin Marietta Materials were worth $5,192,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Aperio Group LLC increased its position in shares of Martin Marietta Materials by 37.0% in the second quarter. Aperio Group LLC now owns 17,940 shares of the construction company’s stock valued at $3,993,000 after buying an additional 4,841 shares during the last quarter. Tarbox Family Office Inc. increased its position in shares of Martin Marietta Materials by 9,166.7% in the second quarter. Tarbox Family Office Inc. now owns 1,112 shares of the construction company’s stock worth $248,000 after buying an additional 1,100 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Martin Marietta Materials by 259.7% in the second quarter. Nisa Investment Advisors LLC now owns 13,850 shares of the construction company’s stock worth $3,087,000 after buying an additional 10,000 shares in the last quarter. LS Investment Advisors LLC increased its position in Martin Marietta Materials by 4.2% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the construction company’s stock worth $520,000 after buying an additional 95 shares in the last quarter. Finally, Marathon Asset Management LLP increased its position in Martin Marietta Materials by 124.0% in the second quarter. Marathon Asset Management LLP now owns 76,094 shares of the construction company’s stock worth $16,937,000 after buying an additional 42,116 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down 0.98% during trading on Friday, reaching $204.77. 523,317 shares of the company’s stock were exchanged. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.47 and a beta of 1.14. Martin Marietta Materials, Inc. has a 52 week low of $167.06 and a 52 week high of $244.32. The stock has a 50 day moving average price of $221.66 and a 200-day moving average price of $222.91.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by $0.13. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The company had revenue of $996.30 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.90 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts predict that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.

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A number of equities research analysts recently commented on MLM shares. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Stifel Nicolaus raised their target price on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Finally, Stephens raised their price target on shares of Martin Marietta Materials from $246.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Martin Marietta Materials presently has an average rating of “Hold” and an average target price of $229.67.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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